Financial Regulator Cracks Down on Former Investment Star. The UK's Financial Conduct Authority (FCA) has launched a fresh probe into Neil Woodford, a former investment star who was banned from holding senior management roles after the collapse of his popular equity fund Woodford Equity Income. The FCA is now taking legal action against Woodford, alleging that he has been offering unauthorized investment advice online, a move that could potentially put innocent investors at risk. This latest development comes just months after Woodford's ban from the City, sparking concerns about the former investment guru's continued involvement in the financial sector. The regulator is seeking an injunction to stop Woodford and his UAE-registered company, W4.0, from carrying out activities that it believes may be unlawful.
Former investment star was banned from holding senior manager roles after collapse of popular equity fund The UK financial regulator is taking legal action against the former investment star Neil Woodford for allegedly offering unauthorised investment advice online, months after being banned from the City.The Financial Conduct Authority said it was seeking an injunction against Woodford and W4.0, a United Arab Emirates-registered company, to stop them carrying out “potentially unlawful activities”. Continue reading...
